Political Capital

Diane Freda, BNA


The Internal Revenue Service (IRS) building in Washington.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service (IRS) building in Washington.

What You See is What You Get, IRS Says

Tax exempt attorneys looking for new answers to big questions about how their clients should handle political involvement in the run-up to the November election did not get them at this weekend’s American Bar Association Tax Section meeting in Boston....

Read more »

Tea party activist William Temple marches in front of the U.S. Supreme Court.

Photograph by Bill Clark/CQ Roll Call/Getty Images

Tea party activist William Temple marches in front of the U.S. Supreme Court.

Tea Party Tax Exemptions Granted

Tea Party groups are moving closer to their goal of being able to discuss the issues in the upcoming presidential election — while remaining tax-free. After complaining loudly of unfair treatment at the hands of the IRS, at least eight...

Read more »

The Internal Revenue Service headquarters in Washington.

Photograph by Dennis Brack/Bloomberg

The Internal Revenue Service headquarters in Washington.

Anonymous Donations Can Remain Secret Despite IRS Requirement to Disclose

The handwringing over disclosure of who is giving money to 501(c)(4)’s in the run-up to the 2012 presidential election has increased, as donors seeking anonymity try to bring a cone of silence down around their contributions. Social welfare organizations that...

Read more »

The Capitol building from the Capitol Visitor Center.

Photograph by Andrew Harrer/Bloomberg

The Capitol building from the Capitol Visitor Center.

Obama Estate Tax Budget Proposal Keeps Wealthy Jumpy

Those who manage the wealth of the rich and super-rich are warily eyeing an Obama administration budget proposal for 2013 that would require people who create trusts, known as grantors, to include the assets of their trusts in their own...

Read more »

Springbrook High School hosted a charity basketball game.

Photograph by Toni L. Sandys/The Washington Post via Getty Images

Springbrook High School hosted a charity basketball game.

Tax Bulletin: Pease Amendment

Donors who take tax deductions for charitable contributions dodged one bullet when the Senate failed to pass the so-called Buffett rule recently. Yet another threat is lurking. The Pease amendment, which would reduce charitable donation credits by 3 percent of...

Read more »